North Bridge Academy

Analysis

North Bridge Academy is a registered charity in United States, based in Mill Valley, CA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North Bridge Academy reported income of $3.5m and spending of $2.9m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $3.5m (+84%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Bridge Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Cornerstone of Jacksonville Inc ($3.5m), American Friends of Rabbinical College Netiv Hadaat Inc ($3.5m) and Marian Middle School ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $239k (8.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.4m against liabilities of $1.7m, net assets of $1.6m. It reported 30 employees.